The propensity to pay dividends : the case of Thai listed firms
The propensity to pay dividends : the case of Thai listed firms
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2004
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Assumption University
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eng
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Assumption University. Martin de Tours School of Management and Economics
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AU Journal of Management 2, 2 (June-December 2004), 44-53
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Abstract
This paper investigates the propensity to pay dividends of the listed firms in the developing capital
market of Thailand. It adopts similar methodology to Fama and French (2001) and explores the
propensity to pay dividends given the particular characteristics of firms. These characteristics include
profitability, investment opportunities and size. The findings suggest that the propensity to pay dividends
slightly decline in pre-crisis, largely decline during crisis, but is resumed later in post-crisis period.
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In English ; only abstract in English.
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